The work will start with this year’s Rugby World Cup 2015 and go on to "deliver top class events to this world class stadium" for the next quarter of a century.
The Olympic Stadium will host five matches of Rugby World Cup 2015 before fully re-opening in 2016 as a multi-use venue which will be the home of West Ham United and the national competition venue for UK Athletics.
VINCI Stadium, a subsidiary of VINCI Concessions, a French company with global reach, will be responsible for all aspects of running and managing the stadium on day to day basis as well as bringing in new events and activity.
The company will work with the E20 Stadium Partnership - a joint venture between the London Legacy Development Corporation and Newham Council - to ensure the stadium is ready to host West Ham United and UK Athletics in 2016, as well as Rugby World Cup 2015, and the IAAF 2017 World Athletics Championships and 2017 IPC Athletics World Championships.
VINCI will also manage the London Marathon Charitable Trust Community Track and events on the south park lawn, below the ArcelorMittal Orbit. The company will work with the E20 Stadium Partnership to promote sport and healthy living in the local area and deliver mass participation events such as the Great Newham London Run.
Chief executive of the London Legacy Development Corporation David Goldstone said: "This marks another step forward in the long-term future of the stadium. VINCI have a great track record and a wealth of experience in managing world-class venues. We are looking forward to working with them and delivering a multi-use stadium capable of hosting a range of different sports and events, including this autumn’s Rugby World Cup."
Mayor of London Boris Johnson said: "This is more good news in our goal to deliver a long-lasting legacy from London’s Olympic and Paralympic Games. VINCI is a world-class operator and set to be a key partner in the creation of a spectacular stadium offering a dynamic range of sport and attractions for Londoners to enjoy."
VINCI Stadium currently operates a network of stadia in France including the Stade de France in Paris, the Allianz Riviera in Nice, the New Bordeaux Stadium and the MMArena in Le Mans.
Chief operating officer Pierre Coppey said the contract win was a result of VINCI's expertise and the business model it has developed for the operation of multi-purpose arenas.
West Ham United vice-chairman Karren Brady said West Ham would pass on its "extensive experience and expertise".
The Stadium is owned by the E20 Stadium LLP, set up between the London Legacy Development Corporation and Newham Council, who have shared responsibility for the stadium’s future as an all-round multi-use venue, delivering a lasting sporting, cultural and commercial legacy.